Top Market Analysts Expecting a Smooth Economic Ride in 2021
2020 was a rollercoaster but by the last quarter things were well on track. Now, financial markets are entering into the new calendar with hopes. The corporate performance is steadily improving and helping the economy to get back on track. Investors all around the mode have returned back to active mode. In fact, many investors have already started reaping roboust earning figures. The reason behind this surge is healthy sales during the festive season and opening of all sectors. All the investors, businesspersons and traders are praying that the market must maintain this momentum that is being witnessed from the last couple of months. Many governments are also releasing funds and aid packages to keep the markets buoyant.
Opening of various closed sectors is a sign of relief
Despite all odds, major economies managed to survive. Though a peculiar mix of economic despair and buoyant markets was visible. With the beginning of the new year, everyone who was part of a turbulent journey in 2020 is hoping to see some revival. The market and financial experts are counting on digital, telecom and healthcare centers. In the coming few weeks, more and more countries will roll out vaccines. This will give a major boost to the economy. More and more sectors will start working with full swing. In the coming days, more employment opportunities will generate. The condition of economies will be clear only after reviewing quarterly report cards.
Bouncing back of the major markets
Signs of relief are already visible. Some striking gains were made by Nasdaq. The S&P 500 has also witnessed some gain. The giant Asian economy, Japan also bounced back after rays of hope were visible. The stocks of gaming and pharmaceutical companies are showing impressive performance. Investors are now ready to proceed after accumulating confidence. The impressive performance of various stock markets is a sign of complete recovery. If you are planning to try hands on currency trading UAE, it is a good time to consider. Most investors monitor the economic reports of major economies. The condition of the US market certainly affects other global markets. It is a positive sign that the US economy is recovering steadily.
Booming of the oil industry
The oil and gas industry was hit and was pandemic. Luckily, it is showing signs of revival. Now, various positive geopolitical factors are also bringing the oil and gas industry back on track. Oil revenues are likely to enhance as all major sectors have become active.
Performance of Asian giants
China and India managed to recover by the last quarter of 2020. In Indian markets, signs of hope were clearly visible when Nifty and Sensex scaled with record highs. The market experts are confident that 2021 will be a golden year for investors. Sufficient liquidity, roll out of vaccines will bring a smoother ride for major markets. Several noted researchers have clearly pointed out that in 2021, GDP growth will be similar to pre-COVID levels. Sectors like insurance, auto and IT are expected to lead the market as per revival of demand and availability of liquidity.